Denmark: Cotton Bag Market 2024

Cotton Bag Market Size in Denmark

The Danish cotton bag market skyrocketed to $X in 2022, with an increase of X% against the previous year. Overall, consumption recorded a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Cotton Bag Production in Denmark

In value terms, cotton bag production stood at $X in 2022 estimated in export price. In general, production saw pronounced growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Cotton Bag Exports

Exports from Denmark

In 2022, after eight years of growth, there was significant decline in overseas shipments of sacks and bags of cotton, when their volume decreased by X% to X tons. In general, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then fell remarkably in the following year.

In value terms, cotton bag exports contracted rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

Norway (X tons) was the main destination for cotton bag exports from Denmark, with a X% share of total exports. Moreover, cotton bag exports to Norway exceeded the volume sent to the second major destination, Germany (X tons), twofold. Hong Kong SAR (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Hong Kong SAR (X% per year).

In value terms, the largest markets for cotton bag exported from Denmark were Norway ($X), Germany ($X) and France ($X), with a combined X% share of total exports. South Korea, Sweden, the Netherlands, Hong Kong SAR, Switzerland, Macao SAR, Greenland, Taiwan (Chinese), the UK and Finland lagged somewhat behind, together comprising a further X%.

Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cotton bag export price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the export price, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2018 an increase of X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Bag Imports

Imports into Denmark

Cotton bag imports into Denmark skyrocketed to X tons in 2022, with an increase of X% against 2021. In general, imports saw strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cotton bag imports skyrocketed to $X in 2022. Overall, imports showed a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Pakistan (X tons) constituted the largest cotton bag supplier to Denmark, accounting for a X% share of total imports. Moreover, cotton bag imports from Pakistan exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. The third position in this ranking was taken by China (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Pakistan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and China (X% per year).

In value terms, Pakistan ($X), China ($X) and India ($X) were the largest cotton bag suppliers to Denmark, with a combined X% share of total imports. Lithuania, Sweden, Bangladesh and Germany lagged somewhat behind, together comprising a further X%.

Lithuania, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cotton bag import price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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